Bookbuilding IPO | ₹808 Cr | Listed at BSE, NSE | Mon, Sep 5, 2022 - Wed, Sep 7, 2022
| Category | QIB | NII | Retail | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Ex. Anchor | Anchor Investor | Total QIB | Below ₹10L | Above ₹10L | Total NII | |||
| Allocation (No. of shares) | 47,52,000 | 71,28,000 | 1,18,80,000 | 7,92,000 | 15,84,000 | 23,76,000 | 15,84,000 | 1,58,40,000 |
| Allotment price (Rs.) | 510 | 510 | 510 | 510 | 510 | 510 | 510 | 510 |
| No.of applications | 36 | 21 | 57 | 3,629 | 1,039 | 4,668 | 1,98,259 | 2,02,984 |
| No.of shares applied | 76,13,172 | 73,23,680 | 1,49,36,852 | 19,81,924 | 48,96,332 | 68,78,256 | 95,10,368 | 3,13,25,476 |
| Amount collected (Rs.cr.) | 388.27 | 373.51 | 761.78 | 101.08 | 249.71 | 350.79 | 485.03 | 1,597.60 |
| No.of times subscribed | 1.60 | 1.03 | 1.26 | 2.50 | 3.09 | 2.89 | 6.00 | 1.98 |
| No.of shares allotted | 47,52,000 | 71,28,000 | 1,18,80,000 | 7,92,000 | 15,84,000 | 23,76,000 | 15,84,000 | 1,58,40,000 |
| Amount (Rs.cr.) | 242.35 | 363.53 | 605.88 | 40.39 | 80.78 | 121.18 | 80.78 | 807.84 |
| No.of allottees | 35 | 21 | 56 | 2,020 | 1,039 | 3,059 | 56,571 | 59,686 |
Tamilnad Mercantile Bank IPO is a public issue of 1.58 Cr equity shares. The issue offers 0.16 Cr shares to retail investors, 1.19 Cr shares to qualified institutional buyers, and 0.24 Cr shares to non-institutional investors.
| Category | Shares Offered | Amt (₹ Cr.) | Size (%) |
|---|---|---|---|
| QIB | 1,18,80,000 | 605.88 | 75.00% |
| Anchor | 71,28,000 | 363.53 | 45.00% |
| QIB (Ex Anchor) | 47,52,000 | 242.35 | 30.00% |
| NII | 23,76,000 | 121.18 | 15.00% |
| bNII (> ₹10L) | 15,84,000 | 80.78 | 10.00% |
| sNII (< ₹10L) | 7,92,000 | 40.39 | 5.00% |
| Retail | 15,84,000 | 80.78 | 10.00% |
| Total | 1,58,40,000 | 807.84 | 100% |
A total of 71,28,000 shares at a price of Rs 510 per share will be allotted to the anchor investors.
| Anchor investors bid opening date | Sep 02, 2022 |
| Anchor investor price | ₹510.00 |
| Anchor investors as % of QIBs | 60.00% |
| No. of shares locked-in for 30 days | 35,64,000 |
| No. of shares locked-in for 90 days | 35,64,000 |
📑 Anchor Investor Allotment Letter
📊 Historic report - IPOs Anchor Investors Investment & Performance
The Tamilnad Mercantile Bank IPO is subscribed 2.8628 times by Sep 07, 2022 19:00.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutional | 1.6175 |
| Non Institutional | 2.9421 |
| Retail Individual | 6.48 |
| Total Subscription | 2.8628 |
An investor can apply in Tamilnad Mercantile Bank IPO online via bank (using ASBA) or the broker (using UPI). The Tamilnad Mercantile Bank IPO shares are offered online only.
The Tamilnad Mercantile Bank IPO is subscribed 2.8628 times by Sep 07, 2022 19:00.
The Tamilnad Mercantile Bank IPO allotment status is expected on or around Monday, September 12, 2022. Visit Tamilnad Mercantile Bank IPO allotment status to check.
The Tamilnad Mercantile Bank IPO listing date is September 15, 2022. The equity share of Tamilnad Mercantile Bank IPO will list on BSE, NSE.
Visit Tamilnad Mercantile Bank IPO subscription status page for real-time bidding information about Tamilnad Mercantile Bank IPO.
| IPO opens On | Monday, September 5, 2022 |
| IPO Closes On | Wednesday, September 7, 2022 |
| Finalisation of Basis of Allotment | Monday, September 12, 2022 |
| Initiation of Refunds | Tuesday, September 13, 2022 |
| Credit of Shares to Demat Account | Wednesday, September 14, 2022 |
| IPO Listing Date | Thursday, September 15, 2022 |
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